Member Info for markbantam

Just for light relief . Make your own mind up. It's only the daily mail written by stacey liberatore their Science and Technology Reporter!!

https://www.dailymail.co.uk/sciencetech/article-9275621/Will-blue-gas-kill-Tesla-New-emission-free-liquid-hydrocarbon-fuels-300-mile-trip-tank.html

A report has just been published. Considering the number of contributors it is very shallow and narrow and comes up with the conclusion that heat pumps are more efficient than hydrogen ( as if that was unknown!). I had to smile when I read in the summary " The lack of tangible benefits or engagement with the millions of building occupier/owners casts serious doubts on the practicality of a gas switch over" . We all know that there has been lots of engagement of installing heat pumps in existing properties and the costs of retro-fitting to owners is small !! Obviously new build is different
https://b80d7a04-1c28-45e2-b904-e0715cface93.filesusr.com/ugd/252d09_54035c0c27684afca52c7634709b86ec.pdf

Paris Region, Choose Paris Region, Groupe ADP, Air France-KLM and Airbus have partnered to encourage the exploration of the opportunities presented by hydrogen use in Paris airports.
https://www.internationalairportreview.com/news/152635/call-expressions-interest-hydrogen-paris-airports/

Only bit on hydrogen in the strategy that I can see is "Hydrogen – build on Shell’s leading position in hydrogen by developing integrated hydrogen hubs to serve industry and heavy-duty transport, aim to achieve double-digit share of global clean hydrogen sales"

For those investing long term in green economy, Interesting snippet within article on BBC website about Jes Staley head of Barclays on the city post brexit " One of those global challenges is surely climate change and Mr Staley is convinced London can become a major global hub for green finance. He says these ideas are currently where the understanding of the impact of the internet was nearly 30 years ago. "Climate today is like technology was in 1995. If you think about it… all the Amazons, the Googles, didn't really exist in 1995 and now it dominates 40% of the economy, I think it's a fair argument that dealing with climate and dealing with the environment is in the same position now." "

Just doing my weekly review of my investments and it stuck me how high the market cap of ITM has become , at around £3.5 billion . Probably obvious with the share price increases but sometimes it's good to sit back and take stock! ITM cap is 5th highest on the AIM and "just for fun comparison" would be in the top in twenty in the FTSE 250 and knocking on the door of the FTSE 100 as the lowest is £4.0 billion. Sure lends support to the saying that the share price reflects the future sentiment. Good luck to all.

Taskmaster thanks, an interesting website. Figures can be interpreted in different ways. Looking from the glass half full perspective, the UK is supporting green energy at the approximately the same $/capita as Germany which is welcome. Also compared to an oil producer Norway, we have higher spend per capita supporting green energy and also a much lower spend per capita supporting fossil fuels.

With regard to the agreement with Shell, I haven't seen anything that is going to necessarily bring in sales outside the UK. Shell seemed to have partnered with NEL US in California, HTEC in Canada etc in the past. If there are future opportunities in "new locations" then I suppose Shell will partner with an electrolyser company / hydrogen refuelling station supplier that has a strong local presence. I don't think ITM can rely on others to do the selling for them.

If coal is in trouble , take a look at oil and the consequence of the Saudi Aramco IPO !
https://oilprice.com/Energy/Energy-General/Saudi-Aramcos-Landmark-IPO-Is-Costing-The-Kingdom-Billions.html

There are many posts regarding shell, BP and other oil companies needing to "buy " ITM. Please explain why ? ITM is primarily an equipment manufacturer. For field hydrogen production, oil companies transitioning would develop wind farms and would select the optimum electrolyser on the market as they would for oil field equipment e.g compressors. For hydrogen sales at fuel stations, they would partner with the most appropriate partner as they have at present with ITM in UK. There will be other companies interested in buying ITM but not oil companies IMO

Well done to all all who held firm and didn't sell in panic despite the notorious deramper/ ramper continuous postings.

Smith " I like Powerhouse as it gets over another problem, landfill. Producing Hydrogen from landfill is pretty clever, a win win". An alternate view is that you are converting "a carbon captured product called plastic" that would sit in landfill for 100s of years, into a carbon rich gas creating CO2 pollution which is the climate problem that is being addressed by green hydrogen. PHE hydrogen is only green from natural organic waste, not plastics.

"With only £ 240 million being thrown at green Hydrogen from Johnson which is a joke". IMO - In Johnson's position fighting for his political future, why would he put money instead of words into hydrogen as he is interested in short term positioning. Electric cars are readily on sale, hydrogen cars not. People want to be able to charge cars with hydrogen fuel into the future as a secondary transportation fuel . So hydrogen shares are long term buy and hold. Electrical charging short term gains

Forgot to add that in the production of chlorine from salt water (brine), chlorine gas is produced at the anode and hydrogen is produced at cathode. If you substitute brine with fresh water you would get oxygen at the anode and hydrogen at cathode. Possible competition to ITM, NEL etc. Link to presentation on their electrolysers https://www.ineos.com/globalassets/ineos-group/businesses/ineos-technologies/presentations/bichlor-electrolysers.pdf

Ineos have vast experience of electrolysers for the production of chlorine. Originally chlorine was made using mercury based electrolysers but Ineos (then ICI) developed the leading membrane electrolyser, BiChlor. The scale of the chlorine electrolyser plants are massive and are the size that will be needed for H2 production. Having had some dealing with Ineos 20 yrs ago, I was wondering when Ineos would make their move. Looks like it's getting closer. https://www.greentechmedia.com/articles/read/chemicals-giant-ineos-targets-worlds-cheapest-green-hydrogen

Pressed send early. Once the feedstock includes plastic waste then the "green advantage" diminishes as the plastic would not breakdown in 20 years. Therefore no better than gasification units of PHE and EQT in terms of being green. All of them turn a plastic waste stream into another waste stream CO2 albeit with the benefit of producing H2.

Bilbo, I can see why it might be seen as a spreadsheet ****up but it is smoke and mirrors publicity. This sums it up and hope it helps peoples understanding "SGH2 describes its hydrogen as “greener than green” as it uses biomass-based waste that would otherwise rot in landfills and emit methane, a greenhouse gas 84 times more potent than CO2 over a 20-year period. It thus calculates its carbon intensity as negative 188kg of CO2 equivalent per megajoule, compared to 20kg for coal-derived H2 and zero for standard green hydrogen" published on Recharge website 20 May 2020.

Haven't had time to go through all the info on Snam investment but first thoughts/concerns are potential conflict of interest between Linde and Snam - both are project implementers. Anyone shed some light on this?

Good article on costs of green hydrogen from electrolysers compared to hydrogen from gas and ccs.
https://www.theguardian.com/environment/2020/oct/03/green-hydrogen-from-renewables-could-become-cheapest-transformative-fuel-within-a-decade

"Honda said the move was a result of the transformation of the car industry away from internal combustion engines.
They are pursuing "carbon neutrality by 2050" through "future power-unit and energy technologies, including fuel-cell vehicle and battery technologies" https://www.bbc.co.uk/sport/formula1/54383259
In the article comments section , hydrogen is being put forward by some as the future fuel of F1